Economic Income means an amount equal to the value of the "economic benefit" derived by the Participant from the Policy's life insurance protection, as determined for Federal income tax purposes under the Code. Economic Income shall include any increase in economic benefit attributable to the death of the first to die under the Policy.
Economic Income means, for any period, an amount calculated on a consolidated basis for the Company and its consolidated Subsidiaries in accordance with the principles set forth on Schedule A hereto, applied in a manner consistent with the manner utilized by Och-Ziff to derive economic income in Och-Ziff’s earnings press release for the quarter ended September 30, 2018, plus (a) net proceeds received in connection with any disposition of Risk Retention Interests with respect to existing U.S. OZ CLOs that were previously held for purposes of complying with Section 15G of the Exchange Act and related regulations (as long as such disposition is not an Asset Sale), minus (b) the sum of (i) any amounts contributed to the Operating Partnerships pursuant to the Operating Partnerships’ share in cash payments due under the Tax Receivable Agreement; (ii) amounts invested and expenses incurred in connection with the acquisition of Risk Retention Interests and related permitted assets by Qualifying Risk Retention Subsidiaries; and (iii) amounts of any Annual Capital Expenditures; provided, that the sum of clauses (a) and (b) shall not exceed $9.0 million per year; minus
Economic Income means, for any period, an amount calculated on a consolidated basis for Och-Ziff and its consolidated subsidiaries determined on the basis of economic income, in accordance with the methodology set forth on Exhibit G hereto, applied in a manner consistent with the manner utilized by Och-Ziff to derive economic income in Och-Ziff’s earnings press release for the quarter ended September 30, 2018, minus (a) the amount of any distributions or dividends paid on any Class A Cumulative Preferred Units issued by the Operating Group Entities; minus (b) Permitted Dividends.
Examples of Economic Income in a sentence
Further, deferred cash compensation is expensed in full in the year granted for Economic Income, rather than over the service period for GAAP.
In addition, Economic Income (Loss) revenues include investment income that represents the income the Company has earned in investing its own capital, including realized and unrealized gains and losses, interest and dividends, net of associated investment related expenses.
For the avoidance of doubt and without limiting Section 6(a)(ii), the calculation of Economic Income shall be adjusted accordingly to reflect the fact that any Net Accrued Unrecognized Incentive that constitutes Designated Proceeds will be distributed pursuant to Section 6(a)(ii).
Net cash outflows on the lease and sublease arrangement in a given period, that are not otherwise normally accounted for as an operating expense in Economic Income, should be reflected as a net decrease (or increase) adjustment to the stated Economic Income for the period such amounts are incurred.
Economic Income (Loss) revenues also include management fees, incentive income and investment income earned through the Company's investment as a general partner in certain real estate entities and the Company's investment in the activist business and certain investment funds.
More Definitions of Economic Income
Economic Income means, for any period, an amount calculated on a consolidated basis for the Company and its consolidated Subsidiaries in accordance with the principles set forth on Schedule A hereto, applied in a manner consistent with the manner utilized by Och-Ziff to derive economic income in Och-Ziff’s earnings press release for the quarter ended September 30, 2018, plus (a) net proceeds received in connection with any disposition of Risk Retention Interests with respect to existing U.S. OZ CLOs that were previously held for purposes of complying with Section 15G of the Exchange Act and related regulations (as long as such disposition is not an Asset Sale), minus (b) the sum of (i) any amounts contributed to the Operating Partnerships pursuant to the Operating Partnerships’ share in cash payments due under the Tax Receivable Agreement; (ii) amounts invested and expenses incurred in connection with the acquisition of Risk Retention Interests and related permitted assets by Qualifying Risk Retention Subsidiaries; and (iii) amounts of any Annual Capital Expenditures; provided, that the sum of clauses (a) and (b) shall not exceed $9.0 million per year; minus (c) Permitted RSU Settlements; minus (d) the amount of any amortization payments on the Initial Loans required to be paid pursuant to the terms of the Senior Subordinated Loan Agreement; minus (e) the amount of any distributions or dividends paid on any Operating Group Class A Preferred Units; minus (f) Permitted Dividends. For the avoidance of doubt and without limiting Section 6(a)(ii), the calculation of Economic Income shall be adjusted accordingly to reflect the fact that any Net Accrued Unrecognized Incentive that constitutes Designated Proceeds will be distributed pursuant to Section 6(a)(ii). Sublease losses and expenses recognized for accounting purposes where there is no corresponding cash outflow will be initially excluded from Economic Income. Net cash outflows on the lease and sublease arrangement in a given period, that are not otherwise normally accounted for as an operating expense in Economic Income, should be reflected as a net decrease (or increase) adjustment to the stated Economic Income for the period such amounts are incurred.
Economic Income means taxable compensation income imputed to the Participant as a result of the Loans under Section 7872 of the Code.
Economic Income means, with respect to a fiscal year, the total of the Company’s “Economic Income” as reported in the Company’s Annual Report, filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended.
Economic Income means, for any particular period, Net Income determined as if the Property was revalued and the Capital Accounts of the Partners were adjusted in accordance with the principles of section 1.704-1(b)(2)(iv)(f) of the Treasury Regulations as of the first day of such period and adjusted thereafter in accordance with the principles of section 1.704-1(b)(2)(iv)(g) of the Treasury Regulations. For purposes of this definition of Economic Income, goodwill and similar intangible property shall be amortized over a 40-year period or as otherwise required by GAAP. Nothing in this definition shall be interpreted to mean that the Property has been revalued or that the Capital Accounts have been accordingly adjusted in accordance with section 1.704-1(b)(2)(iv)(f) of the Treasury Regulations unless there has been an explicit amendment of this Agreement to that effect.
Economic Income means an amount equal to the value of the "economic benefit" derived by the Participant from the Policy's life insurance protection, as determined for Federal income tax purposes
Economic Income means taxable compensation income for that portion of the premiums paid by the Corporation that is equal in amount to the value of the "economic benefit" derived by the Participant from the Policy's life insurance protection, as determined for Federal income tax purposes under Revenue Rulings 64-328 and 66-110, plus any economic benefit derived from any reimbursement for tax liability under Section 3(c). Economic Income shall include any increase in economic benefit attributable to the death of the first to die under a Joint Life Policy. (k) "Insurer(s)" shall mean . (l) "Joint Life Policy" means a policy which pays upon the death of the second to die of the Participant and his or her spouse. (m) "Owner" shall mean ________________________________________________. (n) "Owner's Death Benefit" shall mean $__________________. (o) "Participant" shall mean _____________________________________________. (p) "Plan" shall mean the plan described in Section 8(a) below. (q) "Policy" shall mean the following Joint Life Policy or Policies or Single Life Policy or Policies on the life of the Participant that are issued by the Insurer(s): Insurer Policy Number Type of Policy
Economic Income means the Economic Income for the Alternative Investment segment of Cowen Group, Inc., but not including investment income and related expenses. Attached as Annex A is a sample calculation of Economic Income.